The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

american-energy  economy  energy-security  jobs  fracking  state-of-the-union  state-of-american-energy 

Mary Leshper

Mary Schaper
Posted January 21, 2015

The eight states at the heart of the American shale oil revolution all grew faster than the U.S. national average over the last decade, according to the U.S. Bureau of Economic Analysis (BEA), underscoring the importance of oil production to the U.S. economy.

Gross domestic product (GDP) attributable to private industry grew at a compound annual rate (CAGR) of 1.8 percent between 2002 and 2013 for the nation as a whole, after allowing for inflation.

But for the eight states at the centre of the shale oil revolution, all of which have increased their production by at least 20,000 barrels per day since 2008, private sector GDP growth has been much faster.

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shale-energy  safe-operations  hydraulic-fracturing  fracking  horizontal-drilling  oil-and-natural-gas-development 

Mark Green

Mark Green
Posted January 21, 2015

In a new API television ad, energy industry geologist Barbara Pickup calls the forest trails of Colorado her “streets” and the towering trees “my skyscrapers.” The Dillon, Colo., resident says she is for protecting the environment – but also for safe energy development, noting that hydraulic fracturing has been around for 65 years:

“Fracking will help secure America’s energy future, and I want to make sure we’re protecting the land and water, too. There has to be a balance.”

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us-energy  gasoline-prices  crude-oil  exports  trade  economic-benefits  oil-and-natural-gas-production  keystone-xl-pipeline  fracking  regulation 

Mark Green

Mark Green
Posted January 16, 2015

Bloomberg: Ending restrictions on U.S. crude exports could cut gasoline prices as much as 12 cents a gallon, a Columbia University study co-written by a former adviser to President Barack Obama has concluded.

Without the partial ban, domestic production might increase as much as 1.2 million barrels a day by 2025, making the U.S. more resilient to global supply disruptions, according to the study.

“Easing energy export restrictions does not raise gasoline prices for consumers,” Jason Bordoff, a former energy and climate adviser to Obama who is now director of the Center on Global Energy Policy at Columbia University, said in a telephone interview.

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american-energy  policy  fracking  climate-change  gasoline-prices  new-york  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted January 15, 2015

President Obama is doing a two-step when it comes to fossil fuels. Obama and White House officials clear their throats by praising the oil and gas boom, and even taking a measure of credit for it, before moving on to the specific topic at hand. There has been a surge in domestic oil and gas production. Gasoline prices keep falling. The natural-gas boom has helped the manufacturing sector. And the combination of oil-production increases and low prices has boosted the U.S.'s foreign policy leverage against petro-states.

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american-energy  global-markets  price-of-oil  jobs  economy  keystone-xl-pipeline  fracking  north-carolina  exports 

Mary Leshper

Mary Schaper
Posted January 14, 2015

Even with oil prices continuing to plummet and oil companies decommissioning drilling rigs every day, the Energy Department on Tuesday projected that domestic crude production would continue to rise in 2015, although growth would slow.

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american-energy  taxes  exports  jobs  economy  manufacturing  fracking  lng-exports  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted January 13, 2015

Forbes (Mark P. Mills): It was predictable. Oil gets cheap and now there’s a contingent in Congress looking to slap a new tax onto gasoline. What’s surprising is that there are some conservatives in both Congress and the pundictocracy also receptive to the notion, including the estimable Charles Krauthammer. It’s a terrible idea. Instead of raising taxes, the Congress should be focused on helping the industry that created the oil glut, and that nearly single-handedly sustained the U.S. economy through the recovery from the Great Recession: America’s shale producers who are now subject to nearly unprecedented foreign market manipulation.

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american-energy  gasoline  price  fracking  keystone-xl 

Mary Leshper

Mary Schaper
Posted January 12, 2015

Bloomberg: Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps last week, the lowest level for this time of year since 2009, according to Lundberg Survey Inc. Prices dropped 26.92 cents in the three-week period to Jan. 9 and are $1.14 a gallon below year-ago levels, according to the survey, which is based on information obtained at about 2,500 filling stations by the Camarillo, California-based company.

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economy  jobs  trade  fracking  keystone-xl-pipeline  affordable-energy 

Mary Leshper

Mary Schaper
Posted January 8, 2015

Wall Street Journal: Justin Friend ’s parents have doctoral degrees and have worked as university lecturers and researchers. So Mr. Friend might have been expected to head for a university after graduating from high school in Bryan, Texas, five years ago. Instead, he attended Texas State Technical College in Waco, and received a two-year degree in welding. In 2013, his first full year as a welder, his income was about $130,000, more than triple the average annual wages for welders in the U.S. In 2014, Mr. Friend’s income rose to about $140,000.

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fracking  heating-oil  jobs  manufacturing  keystone-xl-pipeline  american-energy 

Mary Leshper

Mary Schaper
Posted January 6, 2015

Cleveland.com: Cold January weather has arrived, but rates for natural gas have fallen. Both Dominion East Ohio and Columbia Gas of Ohio are posting standard rates that are lower than those in December and lower than year-ago January prices. These standard rates change monthly because they are linked to the monthly gas commodity contracts traded on the New York Mercantile Exchange.

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energy  regulations  fracking  jobs  exports  regulatory-system  economy  taxes 

Mary Leshper

Mary Schaper
Posted January 5, 2015

NPR: President Obama’s chief custodian of federal lands says local and regional bans on fracking are taking regulation of oil and gas recovery in the wrong direction. “I would say that is the wrong way to go,” Interior Secretary Sally Jewell told KQED in an exclusive interview. “I think it’s going to be very difficult for industry to figure out what the rules are if different counties have different rules.” In November, two California counties added themselves to a growing list of local bans on hydraulic fracturing. Voters approved measures in San Benito and Mendocino Counties by wide margins. “There are a lot of fears out there in the general public and that manifests itself with local laws or regional laws,” Jewell said.

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